Retention Is Better Than Cure

November 13, 2019

The event industry has a problem. Thousands of bright-eyed, enthusiastic and talented new staff join our great companies each year and throw themselves into the fast-paced world of event delivery. Then they leave. 

Sure, a good number move on to greater things in the same company, but research suggests that the U.S. trade show industry is losing over $1 billion per year down a black hole of mid-level vacancies that really should be filled by developing and retaining the employees they already have.

As staff (and Millennials and Gen Z in particular) pack up their bags to join a competitor or head off to another industry altogether, leaving their employer with reduced output, higher costs and a mountain of recruitment work to do – what can be done?

To tackle this, we need to acknowledge that this group are different – it’s not simply a question of them fitting in with your business, but how do you fit into their lives? 

Their sense of community stretches to the workplace. Do they want a boss or somebody that will guide them? They want career development, mentoring (after all, you’re the evidence of success), constant feedback and a two-way communication channel.

Continual feedback may seem needy but it’s a more empathetic way to nurture their talent and creativity, and one that will help them stick. They want appreciation and recognition so they can develop in the now. Not every 12 months in a formal, stilted and cookie-cutter performance review. 

Once they are up to speed, focus less on the ‘What’ and more on the ‘How’ and ‘Why’ of their roles, and celebrate and share achievements that meet or exceed your values throughout the company – intranet articles, round-up emails and monthly update meetings all go much further than you might think to lifting engagement.

To take it further, some of the most progressive clients I work with now mandate weekly intra-team feedback sessions. Their staff are honest with each other, and vitally their line managers, and use phrases like:

‘I really appreciate that you….’ 

And

‘I urge you to…’

It’s tricky to roll out and can be uncomfortable for some (especially management), but the outcome? Huge improvements in communication, increased focus on what really matters and a requirement for everyone to be accountable for their actions. Win, win, win.

In addition to this dialogue, stretch your high potential staff and ask them to take on different tasks over time, to bring variety and excitement into their daily lives. Who wants predictable routine? Not them.

On top of core duties, why not distribute nano-projects throughout the company? “We’ve hit a sponsorship milestone, so I need to book an evening reception venue for the new launch – who can help with the brief and sourcing options, and maybe a site visit!?”

Or set up a group of talent to review and present back the best of event tech, and some left-field opportunities for growth to the management team each month? Whether they are in sales, operations or whatever, it’ll stretch them, get them thinking, and give the business fantastic intel.

Key Takeaways: 

  • Shorten goal achievement times: Engage quickly, frequently and keep moving at pace. 
  • Open up: Encourage, or even mandate, open and honest feedback.
  • Offer mentoring or career counselling: You can be an old-school role model in an evolving workforce. Evidence your successes and failures
  • Mix it up: Enthuse and stretch your talent by engaging them in nano-projects to prepare them for leadership and complement their existing skills
  • Offer flexibility and be transparent: Make policies clear. Have a personal dialogue about their work/life needs

So, it’s over to you – upping the communication levels, and stretching staff with new responsibilities are both free, and might just help you claw back your part of that $1 billion-plus.

 

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Partner Voices
  MGM Resorts is renowned for its exceptional service and diverse venue options across Las Vegas, Detroit, Springfield, National Harbor, Biloxi, and Atlantic City, providing flexible spaces for meetings of any size. Beyond these offerings, MGM Resorts distinguishes itself through a strong commitment to social responsibility and sustainability, making it an ideal choice for your next meeting.  At the core of MGM Resorts' company values is its platform, "Focused on What Matters," dedicated to meeting customer needs while advancing socially responsible practices. This commitment is evident in several key areas:  Protecting Natural Resources  MGM Resorts is home to industry-leading recycling, renewable electricity and water conservation programs. Some highlights include a cogeneration power plant at ARIA, producing ultra-efficient electricity; one of America’s largest contiguous rooftop solar arrays atop the convention center at Mandalay Bay; and onsite wells that provide water for the celebrated Fountains of Bellagio, avoiding reliance on precious Colorado River water. These efforts and many more save on natural resources while boosting attendee satisfaction.  Committed to Community  Always striving to be good neighbors, MGM Resorts works to avoid food waste and combat food insecurity with the Feeding Forward program. In partnership with local food banks, they safely divert unserved food to food insecure members of the community. Since 2016, over 5 million meals have been provided, highlighting MGM Resorts' commitment to minimizing food waste and addressing community needs.  MGM Resorts supports clients in their responsible-meetings efforts, not only with efficient venues but also waste-reducing décor and signage; sustainable food and beverage options; and outreach to help planners communicate sustainability efforts to attendees. What’s more, they offer a Mindful Meetings series that puts attendee wellness first—through fitness and mindfulness activities, and in give-back events with local charity organizations.   Fostering Diversity & Inclusion  To MGM Resorts, a diverse and talented workforce is essential to success. By cultivating innovative strategies that consider multiple perspectives and viewpoints, the company creates an inclusive workplace culture that benefits its employees and community. MGM Resorts takes pride in being a welcoming home for veterans, individuals with disabilities, people from diverse backgrounds, LGBTQ+ community members, and more. This commitment to inclusion is reflected in the company's recruitment and hiring practices and its social responsibility initiatives. From the workplace to the community, MGM Resorts' commitment to diversity, equity and inclusion remains unwavering, and its efforts continue to create a more equitable and sustainable world for all.  MGM Resorts offers unparalleled service and venue options while standing out for its proactive approach to sustainability and community engagement. Choosing MGM Resorts for your next meeting means aligning with a company that values social responsibility, efficiency, and attendee satisfaction, ensuring a meaningful and impactful event experience.